ONE WORD

from Forte Oil June 19, 2019Oladeinde Olawoyin Billionaire oil magnate, Femi Otedola, on Wednesday announced the completion of his divestment plans from Forte Oil. Mr Otedola in a message posted on his verified Instagram page said he has divested from the business and will now concentrate on his power generation business. “In line with my principle of business focus, we have divested from our marketing and upstream businesses and shall from now on focus and consolidate on the gains of our power generation business, Geregu Power Plc,” the oil magnate said. He explained that from a moribund business, his team successfully built the company into one of the most profitable in the downstream petroleum marketing sub-sector. “A few years ago,” he wrote, “my team and I embarked on an arduous task of transforming a moribund petroleum marketing business, African Petroleum Plc (formerly British Petroleum) into Forte Oil Plc; a leading integrated solutions provider with solid footpr...

The rifles were concealed in a travel bag and meant to be used for kidnapping, according to the police.   Esther paraded by the police   Security operatives in Ogun state have apprehended nursing mother, Simeon Esther for allegedly being in possession of one AK47 Rifles and 18 rounds of live ammunition.   According to  TheNation , the firearm which was carefully concealed in a travel bag, according to the Police was meant for a kidnap operation in Ogun State.   She said she was promised N5000 by her husband who asked her to go deliver the bag to someone in Ogun State.   The Police said other members of the gang were awaiting the weapon which would have been used to kidnap a senior citizen in the state.   The Police, however, did not give details of the foiled kidnap operation.   This was disclosed on Wednesday at the Special Tactical Squad Headquarters in Abuja when she was paraded alongside 37 other suspects who w...

John Terry has agreed a new two-year contract to remain assistant manager at Aston Villa. The former England and Chelsea captain was named as a potential replacement for Chelsea-bound Frank Lampard at Derby County. But having played a key role alongside boss Dean Smith in guiding Villa back to the Premier League - beating Lampard's Derby in the play-off final - Terry has opted to commit his future to the club.  We're delighted to announce that Assistant Head Coach John Terry has extended his contract. After news of the contract extension was revealed on Wednesday, Villa boss Smith said: 'I am really pleased that JT has extended his current deal as he is a pleasure to work with. 'We have had a successful start to our Villa coaching careers and JT has been instrumental in joining myself, Richard O'Kelly and Neil Cutler. 'He has complimented the team that we have and I have no doubts he will go on to be a top manager in the years to come. ...

The Nigerian Navy has destroyed some illegal refineries tucked in the hard to reach areas of the Niger-Delta creeks. In the latest operations, the navy destroyed some illegal refineries located in Warri and Port Harcourt the commercial nerve centres of Delta and Rivers states. Some of the areas combed by the navy include the Benette Island and Yeye creeks in Warri as well as Bakana creek in Port Harcourt. Over 80 drums of 250 litres of products and 13 suspects were arrested during the Portharcourt Operation. The illegal refiners are said to get their products by either breaking oil pipelines or wellheads, after which they proceed to their refineries where they distill the crude and then dispense to buyers who come from various parts of the cities by boat. Commodore Ibrahim Idewu, the Commander NNS Delta, says this breach, in the long run, affects the country’s oil production capacity while the refined products end up damaging the facilities and equipment of users. ...

Paris Saint-Germain president Nasser Al-Khelaifi has taken aim at forward Neymar by saying 'nobody forced him to sign' for the club. The Brazil star joined the Ligue 1 outfit from Barcelona for £198million back in 2017 but has been linked with a move back to Spain during the summer transfer window. Al-Khelaifi, who took over PSG eight years ago, has taken a swipe at the world's most expensive player with his future at the club uncertain. Paris Saint-Germain president Nasser Al-Khelaifi has taken aim at Brazilian forward Neymar 'I want players willing to give everything to defend the honour of the jersey and to join the club project,' he said in an interview with France Football. 'Those who do not want, or do not understand, we see each other and we talk to each other. 'There are of course contracts to be respected, but the priority now is total membership of our project. Al-Khelaifi has taken a swipe at the world's most expensive player w...

A police boss has turned an object of mockery after he was seen wearing a uniform with a broken zip and missing button.     The Lagos Deputy Police Commissioner in question   A Lagos Deputy Police Commissioner is in the news for the wrong reasons. This has nothing to do with brutality or bribery and corruption but the way the man dressed.   Most security operatives in his position wear the best of uniforms and look smarter but the opposite seems to be the case here.   His uniform appears to have seen better days. A major button was missing and as for the pair of trouser, the zip was bad. The matured man donned the outfit with confidence and made a public appearance with the Governor of Lagos State, Babajide Sanwo-olu.   The man has become an object of humour on social media.

Manchester City are ready to take on rivals Manchester United for Napoli defender Kalidou Koulibaly as the Premier League champions make an £85million bid for him. According to Italian newspaper La Gazzetta dello Sport, the Senegal international is seen as a replacement for Vincent Kompany at City and boss Pep Guardiola is keen on him. Koulibaly is considered one of the finest defenders in world football and with four years left on his current deal in Naples, it would take a world-record fee to acquire him this summer. Napoli have no desire to cash in on the 27-year-old and club president Aurelio De Laurentiis has stated in the past that it would take a remarkable offer for him to consider selling. But the Neopolitan side are reportedly set to make a number of additions this summer and may opt to cash in on Koulibaly with his stock as high as it is right now. Carlo Ancelotti's side are said to be in talks with Roma defender Kostas Manolas - viewed in some quarters as a...

Frank Lampard is set to finalise a deal to become Chelsea manager by the end of the week as they look to announce Maurizio Sarri's successor. Sarri was allowed to return to Italy after Juventus agreed to pay £7million in compensation. And according to the Evening Standard, Lampard, who is Chelsea's first choice for the role, is set to conclude a return to Stamford Bridge this week where he will sign a three-year contract.  Derby are reluctant to let go of a manager that guided them to a Championship play-off final in his first year in charge, and would want £4m compensation if he is to be taken away. Chelsea are keen to bring in Lampard, knowing that he is a hugely popular choice with a fanbase who were frustrated last season by Sarri's management despite winning the Europa League and finishing in the top four of the Premier League. Petr Cech is also set to take up a role as technical director to partially fill the void left by Michael Emenalo, who left to jo...

T he banned ex-UEFA chief  Michel Platini  was released from custody on Wednesday after hours of questioning in connection with a criminal investigation into the awarding of the 2022 World Cup to Qatar. The French football legend who led European football's governing body from 2007 to 2015 was held on Tuesday by French anti-corruption police investigating alleged corruption in the 2010 vote to award the competition to the gas-rich Gulf state. He denied wrongdoing and a statement from his representatives said the facts of the case were "unknown to him." In the early hours of Wednesday, Platini's lawyer William Bourdon said he had been released without charge, adding that there has been "a lot of fuss over nothing". Platini, 63, looked drawn as he left the police anti-corruption office in Nanterre in the western Paris suburbs. "It was long but considering the number of questions, it could only be long, since I was asked about Euro 2016, the World...

Jamal Khashoggi, then general manager of a new Arabic news channel speaks during a press conference, in Manama, Bahrain. Khashoggi was a Saudi insider. He rubbed shoulders with the Saudi royal family and supported its efforts to nudge the entrenched ultraconservative clerics to accept reforms. He was a close aide to the kingdom’s former spy chief and was a leading voice in the country’s prominent dailies. In a dramatic twist of fate, Khashoggi disappeared on Tuesday, Oct. 2, 2018, after visiting his country’s consulate in Istanbul and may have been killed there.  An independent U.N. human rights expert investigating the killing of Saudi journalist Jamal Khashoggi is recommending an investigation into the possible role of Saudi Crown Prince Mohammed bin Salman, citing "credible evidence." Agnes Callamard released a 101-page report into the October killing of Khashoggi at the Saudi consulate in Istanbul that lays out dozens of recommendations. It calls on U.N. bodies or S...

Paris Saint-Germain are thought to have accepted that they must sell Neymar this summer, with the winger pushing for a return "home" to Camp Nou, although Real Madrid are also eager to finalise a deal. Neymar is thought to have requested a move back to Barcelona this summer, but long-term admirers Real could also be keen on the Brazilian if they can find a way to raise funds. Since the state of Qatar purchased Paris Saint-Germain in 2011, they have spent over €1 billion on players. Nearly 19 percent of that eye-watering transfer budget went toward one person: Neymar. In August 2017, his Barcelona buyout clause was met to the tune of €222 million, in a deal that would see the Brazilian receive an astonishing €700,000 per week over five years. The former Santos youth prodigy might have been motivated by the large sums of money involved. Or perhaps he was enticed by becoming the star player on a side with limitless potential: No longer would he merely be a prong on th...